AMPELLA MINING LIMITED - ASX: AMX

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Description

Ampella Mining Limited has been operating exploration programs in Burkina Faso, West Africa, for just over 12 months since listing on the Australian Securities Exchange in August 2007. In June 2008 a new Chief Executive Officer, Dr Paul Kitto, was employed and he has undertaken a thorough review of current exploration programs and consequently made strategic recommendations to the Board of Directors to take the company forward over the next 12 month period. Importantly, an additional exciting new gold exploration opportunity was identified, secured and developed which has produced some outstanding first pass exploration results.

Batie West

In the second quarter of 2008, Ampella Mining Ltd, through its Burkina Faso subsidiary company Ampella Mining SARL, acquired the rights to obtain a 100 per cent interest in five tenements over a three year period in southwest Burkina Faso called Batie West. The five Batie West tenements cover an area of 811 square kilometres and occupy a 110 kilometre long gold-bearing shear zone that occurs along the southwest margin of the Boromo Greenstone Belt in southern Burkina Faso, adjacent to the country boundaries of Cote d’Ivoire and Ghana. The region is accessed from the capital Ouagadougou by sealed highway to Gaoua, a total distance of 290 kilometres in a straight line. From Gaoua all weather gravel roads provide access to the permit areas. The Batie West tenements occur southwest of both Ampella’s Donko Permit, and the major porphyry copper-gold discoveries of Volta Resources at Gongondy and Dienemera. The French exploited this region in the 1940’s but no modern exploration has been undertaken since. Exploitation for gold along parallel structures within this wide alteration corridor is however undertaken by several thousand licensed artisanal miners.

Donko

The Donko Project covers an area of 225 square kilometres and is located at the southern end of the Boromo Greenstone Belt in southern Burkina Faso adjacent to the border with Ghana and 10 kilometres northeast of the Batie West tenements. The region is accessed from the capital Ouagadougou by sealed highway to Gaoua, a total distance of 290 kilometres in a straight line. From Gaoua all weather gravel roads provide access to the permit areas.

Doulnia

The Doulnia Project covers an area of 479 square kilometres over two separate permits, called Doulnia in the south and Kampala in the north (Fig. 1). The Doulnia Project is located in central southern Burkina Faso, adjacent to the border with Ghana and 150 kilometres south south east of the capital Ouagadougou. Doulnia can be accessed by an all weather road from Po, 25 kilometres to the west of Doulia.. The project area was identified due to its potential to host significant gold and base metal mineralization following work programs completed by the UNDP, BRGM, Incanore and Anmercosa .

Madougou

The Madougou Project covers an area of 465 square kilometres over two separate permits, namely Kandy to the southwest and Madougou to the northeast (Fig. 1). It is accessed from the capital Ouagadougou by 180 kilometres of paved highway to the nearby city of Ouahigouya and thereafter by unsealed all-weather roads. The area is underlain by Birimian volcanics and sediments of the northeast trending Hounde Belt and cut by the Ouahigouya Deformation Corridor.

Mine For

gold, zinc

Location of operation(s)

Burkina Faso

Address

Suite 23, Level 1 513 Hay Street
SUBIACO, WA, AUSTRALIA

Phone

(08) 9226 5299

Email

Website

http://www.ampella.com.au

Last Updated

06/05/2010